Enki
Active member
The Ilisu Dam (which is a dam in the Northern Tigris river) would create a massive flood plaine that can jeopardize hundreds of untapped Ancient Ruins (mostly Assyrian). This is the latest article I found on the topic.
I'm thinking out of spite they'll do it espically after Sweden's decision to recognize Seyfo and the US recognizing the Armenian holocaust.
-----------------------------------------------
Ilisu Dam Decision Likely Within Months, Andritz Says (Update1)
March 05, 2010, 6:27 AM EST
(Adds Ilisu dam information from second paragraph, earnings in penultimate.)
By Zoe Schneeweiss
March 5 (Bloomberg) -- Andritz AG, the Austrian machinery maker, is expecting Turkey to decide ?in the coming months? on whether to build the Ilisu hydroelectric-dam project, Chief Executive Officer Wolfgang Leitner said.
Turkey has made headway on the plan since last year, when Andritz?s 300 million-euro ($408 million) supply contract for Ilisu was suspended after Austria, Germany and Switzerland canceled 450 million euros in state export-loan guarantees, Leitner told journalists at a briefing in Vienna today.
Ilisu is a cornerstone of Turkey?s three-decade-old plan to generate power on the Tigris River in a $32 billion electricity- and-irrigation plan in the mainly Kurdish southeast near the Syrian-Iraqi border. The central government has tried to support the region?s growing economy that has been undermined by conflict with Kurdish separatists.
European financing was halted after Turkey failed to offer environmental protections such as relocating antiquities from the Middle Ages that will be flooded by the dam.
Turkey plans to continue to project and has since gained local financing, Leitner said. Once there is a decision by Turkey to build, Andritz?s agreement ?will come into force,? Leitner said.
Graz-based Andritz also plans to participate in the tender for supplying the 16,000-megawatt Belo Monte hydroelectric dam in Brazil, Leitner said.
$11.2 Billion Project
Centrais Eletricas Brasileiras SA, Brazil?s state- controlled utility, will hold 49 percent of the project, with 51 percent going to an international partner that also has to invest in the 20 billion-reais ($11.2 billion) project, Leitner said. Andritz will not participate in the investment partner tender, which may take place ?this year, next year or in four years,? Leitner said. After that orders will be tendered and Andritz will participate in a supply deal that may be worth ?a few hundred million euros,? Leitner said.
Andritz today said that 2009 net income fell 31 percent to 96.8 million euros as revenue fell 11 percent to 3.2 billion euros, missing the 101 million-euro average of six estimates compiled by Bloomberg.
The company won?t reach its goal of 4.5 billion euros in sales this year and ?probably not next year,? Leitner said today.
--Editors: Todd White, Randall Hackley
To contact the reporter on this story: Zoe Schneeweiss in Vienna at zschneeweiss@bloomberg.net
To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net
I'm thinking out of spite they'll do it espically after Sweden's decision to recognize Seyfo and the US recognizing the Armenian holocaust.
-----------------------------------------------
Ilisu Dam Decision Likely Within Months, Andritz Says (Update1)
March 05, 2010, 6:27 AM EST
(Adds Ilisu dam information from second paragraph, earnings in penultimate.)
By Zoe Schneeweiss
March 5 (Bloomberg) -- Andritz AG, the Austrian machinery maker, is expecting Turkey to decide ?in the coming months? on whether to build the Ilisu hydroelectric-dam project, Chief Executive Officer Wolfgang Leitner said.
Turkey has made headway on the plan since last year, when Andritz?s 300 million-euro ($408 million) supply contract for Ilisu was suspended after Austria, Germany and Switzerland canceled 450 million euros in state export-loan guarantees, Leitner told journalists at a briefing in Vienna today.
Ilisu is a cornerstone of Turkey?s three-decade-old plan to generate power on the Tigris River in a $32 billion electricity- and-irrigation plan in the mainly Kurdish southeast near the Syrian-Iraqi border. The central government has tried to support the region?s growing economy that has been undermined by conflict with Kurdish separatists.
European financing was halted after Turkey failed to offer environmental protections such as relocating antiquities from the Middle Ages that will be flooded by the dam.
Turkey plans to continue to project and has since gained local financing, Leitner said. Once there is a decision by Turkey to build, Andritz?s agreement ?will come into force,? Leitner said.
Graz-based Andritz also plans to participate in the tender for supplying the 16,000-megawatt Belo Monte hydroelectric dam in Brazil, Leitner said.
$11.2 Billion Project
Centrais Eletricas Brasileiras SA, Brazil?s state- controlled utility, will hold 49 percent of the project, with 51 percent going to an international partner that also has to invest in the 20 billion-reais ($11.2 billion) project, Leitner said. Andritz will not participate in the investment partner tender, which may take place ?this year, next year or in four years,? Leitner said. After that orders will be tendered and Andritz will participate in a supply deal that may be worth ?a few hundred million euros,? Leitner said.
Andritz today said that 2009 net income fell 31 percent to 96.8 million euros as revenue fell 11 percent to 3.2 billion euros, missing the 101 million-euro average of six estimates compiled by Bloomberg.
The company won?t reach its goal of 4.5 billion euros in sales this year and ?probably not next year,? Leitner said today.
--Editors: Todd White, Randall Hackley
To contact the reporter on this story: Zoe Schneeweiss in Vienna at zschneeweiss@bloomberg.net
To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net
